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B Investments sells 20% of its stake in Total Egypt


B Investments announced it has entered into an agreement to sell 20% of its stake in Total Egypt to Total Outre-Mer for a total consideration of approximately EGP 146 million, in accordance with the exit terms pre-agreed with Total at the time of B Investments Holding investment in Total Egypt.
Following the completion of this transaction, B Investments’ stake in Total Egypt will drop from 7.97% to reach 6.38%.
Hazem Barakat, Co-founder & Chairman of B Investments said: “This transaction marks an important milestone for B Investments. We are very pleased to have been a part of Total Egypt’s growth story and we look forward to continuing our fruitful partnership with Total.” ....

Hazem Barakat , B Investments Holding , Total Egypt , Pie Kamau , Total Outre Mer , ஹேஸம் பரகாட் , மொத்தம் எகிப்து , பை கமாவு ,